The drop comes after Brent crude futures saw third-largest drop in dollar terms on Tuesday
Crude Oil Price
Last Updated at July 6, 2022 20:19 IST
Brent crude futures dropped below $100 for the first time since April 25th as recession fears fueled a broader selloff.
The drop comes after Brent crude futures saw third-largest drop in dollar terms on Tuesday.
Earlier, Citigroup Inc.’s Ed Morse said the outlook for oil demand will likely see further downward revisions amid higher fuel prices.
First Published: Wed, July 06 2022. 20:19 IST